What is Grindwell Norton Ltd (GRINDWELL) share price return in the past 10 years?

Grindwell Norton Ltd share price has appreciated 19.2% annually (CAGR) over the past ten years.

What is the share price of Grindwell Norton Ltd (GRINDWELL)?

Company share prices are keep on changing according to the market conditions. The current trading price of Grindwell Norton Ltd (GRINDWELL) on 02-Jul-2026 16:59:59 at 16:59 is 2169.95.

What is the P/E ratio of Grindwell Norton?

The latest standalone P/E ratio of Grindwell Norton as of 02-Jul-2026 is 58.23.

What is the P/B ratio of Grindwell Norton Ltd (GRINDWELL)?

The latest standalone P/B ratio of Grindwell Norton Ltd (GRINDWELL) as of 02-Jul-2026 is 9.62.

What is the 52-week high and low of Grindwell Norton Ltd (GRINDWELL)?

The 52-week high of Grindwell Norton Ltd (GRINDWELL) is Rs. 2286.95 and the 52-week low is Rs. 1330.00.

Grindwell Norton Ltd (GRINDWELL) Share Analysis – Quality, Growth & Valuation Zone & DeciZen Rating

Name: Grindwell Norton Ltd (GRINDWELL)
Brand: Grindwell Norton

Grindwell Norton Ltd (GRINDWELL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 506076 NSE: GRINDWELL Abrasives | Small Cap | Grindwell Norton Share Price

Grindwell Norton Ltd (GRINDWELL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 506076 NSE: GRINDWELL Abrasives | Small Cap | Grindwell Norton Share Price

Key Metrics

Valuation Multiples

Market Cap

₹24,026 Cr.

Current Price

₹2,170

52-Week Low / High

₹1,330 / 2,287

TTM EPS

₹37.3

TTM Sales

₹3,026 Cr.

Book Value per Share

₹225.6

P/E Ratio

58.23

Lower than its 5-year historical median

Industry PE

55.6

Price to Book (P/B)

9.62

Lower than its 5-year historical median

Price to Sales (P/S)

7.94

Lower than its 5-year historical median

EV/EBITDA

35.69

Lower than its 5-year historical median

Dividend Yield

0.88%

Profitability Efficiency

Return on Equity (ROE)

17.48%

Underperforms industry median

Return on Capital Employed (ROCE)

23.42%

Underperforms industry median

Return on Assets (ROA)

10.50%

Operating Profit Margin

19.2%

Net Profit Margin

13.64%

Gross Profit Margin

21.1%

Growth Momentum
1-yr vs 3-yr growth

Sales Growth (1 Year)

Improving versus 3-year growth rate

10.54%

Operating Profit Growth (1 Year)

Improving versus 3-year growth rate

13.56%

Net Profit Growth (1 Year)

Improving versus 3-year growth rate

14.35%

Asset Quality

Promoter Holding

58.03%

Pledged shares (%) of Promoter's holding (%)

0.00%

Reserves

₹2,442 Cr.

Equity

₹55.4 Cr.

Face Value

₹5

All Time Low / High

₹2.50 / 2959.45

Grindwell Norton stock performance

Key Ratios

Check Before You Invest

Quality

Locked

Valuation

Locked

Price Trend

Locked

Q.1 Is Grindwell Norton Ltd a good quality company?

Grindwell Norton Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.

How does Grindwell Norton Ltd performance compare with that of its Peers?

Q.1 Revenue growth of Grindwell Norton Ltd vs industry peers?

Grindwell Norton Ltd revenue CAGR is 12.01%, compared to the industry median CAGR of 12.01%, indicating stable growth and maintaining its market share.

Q.1 Promoter shareholding and pledge status of Grindwell Norton Ltd?

Promoters hold 58.03% of the Grindwell Norton Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Q.1 Stock return of Grindwell Norton Ltd over the last decade?

Over the last 9 year(s), the stock has delivered a CAGR of 20% based on the current price.

DeciZen - make an informed investing decision on Grindwell Norton

Standalone basis

1. Right Stock

2. Right Price

Price Chart

3. Right Time ⓘ

#Likely Future 5 Year CAGR.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	Mar'26	TTM
ROCE % ⓘ	21.1%	23.9%	24.7%	21.6%	25.6%	27.7%	29.6%	26.5%	22.7%	23.4%	-
Value Creation Index ⓘ	0.5	0.8	0.8	0.6	0.9	1.1	1.6	1.4	0.7	NA	-
Growth Parameters ⓘ
Sales ⓘ	1,236	1,405	1,567	1,552	1,633	2,006	2,524	2,652	2,737	3,026	3,026
Sales YoY Gr.	-	13.7%	11.5%	-0.9%	5.2%	22.8%	25.8%	5.1%	3.2%	10.5%	-
Adj EPS ⓘ	10.5	13.3	14.5	15.9	22.1	26.1	33.6	34.6	32.6	38.4	37.3
YoY Gr.	-	27.1%	8.9%	9.5%	38.9%	18.1%	28.7%	3.3%	-5.9%	17.6%	-
BVPS (₹) ⓘ	79.7	88.1	97.4	105.3	121.5	139.9	161.6	183.7	200.9	225.6	225.6
Adj Net Profit ⓘ	116	148	161	176	244	289	371	384	361	425	413
Cash Flow from Ops. ⓘ	161	124	81.9	307	331	186	398	364	453	530	-
Debt/CF from Ops. ⓘ	0	0	0	0	0	0	0	0	0	0	-

CAGR ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	10.5%	13.1%	6.2%	10.5%
Adj EPS ⓘ	15.5%	11.7%	4.6%	17.6%
BVPSⓘ	12.3%	13.2%	11.8%	12.3%
Share Price	19.2%	11.6%	-1.1%	21.9%

Key Financial Parameters ⓘ

	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	Mar'26	TTM
Return on Equity % ⓘ	14.1	15.8	15.5	15.6	19.3	19.8	22.1	19.9	16.8	17.8	16.5
Op. Profit Mgn % ⓘ	14.6	16.9	16.6	16.2	19.8	20	20.1	19.5	18.2	19.2	18.8
Net Profit Mgn % ⓘ	9.4	10.5	10.3	11.3	15	14.4	14.7	14.5	13.2	14	13.6
Debt to Equity ⓘ	0	0	0	0	0	0	0	0	0	0	0
Working Cap Days ⓘ	121	120	132	139	131	205	251	234	214	200	111
Cash Conv. Cycle ⓘ	54	41	56	58	32	32	43	47	38	24	70

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	Mar'26
Sales	1,236	1,405	1,567	1,552	1,633	2,006	2,524	2,652	2,737	3,026
Operating Expenses ⓘ +	1,056	1,169	1,308	1,300	1,318	1,606	2,025	2,136	2,240	2,461
Manufacturing Costs	202	234	265	255	252	305	364	385	397	412
Material Costs	575	644	728	730	732	898	1,166	1,197	1,254	1,418
Employee Cost	168	174	190	202	205	248	294	323	334	347
Other Costs ⓘ	110	117	126	113	128	156	201	231	256	284
Operating Profit ⓘ	181	236	259	252	315	399	499	515	497	565
Operating Profit Margin (%)	14.6%	16.8%	16.5%	16.2%	19.3%	19.9%	19.8%	19.4%	18.2%	18.7%
Other Income ⓘ +	33	29	38	46	60	56	58	68	80	95
Exceptional Items ⓘ	0	0	0	0	0	0	0	-3	0	0
Interest ⓘ	1	1	1	4	3	4	8	7	9	8
Depreciation ⓘ	40	42	42	55	52	51	58	69	90	102
Profit Before Tax ⓘ	173	222	253	239	320	400	491	505	479	550
Tax ⓘ	57	75	89	56	78	102	125	124	118	137
Profit After Tax	116	147	164	183	242	298	366	381	361	413
PAT Margin (%)	9.4%	10.5%	10.5%	11.8%	14.8%	14.9%	14.5%	14.4%	13.2%	13.6%
Adjusted EPS (₹)	10.5	13.3	14.8	16.5	21.9	26.9	33.1	34.4	32.6	37.3
Dividend Payout Ratio (%)	38.20%	37.60%	40.60%	45.40%	43.50%	44.60%	43.90%	49.40%	52.20%	51%

Valuation of Grindwell Norton - Standalone

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	Mar'26
Equity and Liabilities
Shareholders Fund +	885	979	1,081	1,170	1,348	1,553	1,793	2,038	2,228	2,501
Share Capital ⓘ	55	55	55	55	55	55	55	55	55	55
Reserves ⓘ	830	924	1,026	1,114	1,293	1,497	1,737	1,982	2,173	2,445
Debt +	3	0	0	0	0	0	4	6	1	0
Long Term Debt	0	0	0	0	0	0	4	6	1	0
Short Term Debt	3	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	164	191	181	228	312	321	274	362	420	509
Others Liabilities ⓘ	137	148	161	171	182	1,061	1,270	1,001	1,062	1,141
Total Liabilities ⓘ	1,189	1,318	1,423	1,568	1,843	2,934	3,340	3,407	3,711	4,151
Fixed Assets
Net Fixed Assets ⓘ +	341	317	321	360	348	366	570	731	861	864
Gross Block	418	435	480	573	608	662	907	1,120	1,337	1,412
Accumulated Depreciation	77	118	159	213	259	296	337	389	476	547
CWIP ⓘ	6	23	42	29	24	67	119	128	26	51
Investments ⓘ	166	191	203	603	734	552	665	710	911	1,019
Inventories	235	263	321	294	315	437	451	474	465	467
Trade Receivables	123	173	202	201	200	236	277	353	356	391
Cash Equivalents	242	270	230	7	122	268	133	212	263	484
Others Assets ⓘ	75	81	104	75	100	1,008	1,125	799	829	876
Total Assets ⓘ	1,189	1,318	1,423	1,568	1,843	2,934	3,340	3,407	3,711	4,151

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	Mar'26
Cash Flow From Operating Activity ⓘ +	161	124	82	307	331	186	398	364	453	530
PBT ⓘ	173	222	253	239	320	400	491	505	479	550
Adjustment ⓘ	32	27	28	32	23	30	32	29	41	42
Changes in Working Capital ⓘ	12	-53	-108	104	65	-145	-1	-32	47	74
Tax Paid ⓘ	-57	-71	-91	-68	-77	-100	-123	-137	-114	-136
Cash Flow From Investing Activity ⓘ +	-43	-43	-53	-437	-225	-55	-258	-176	-212	-313
Capex	-52	-36	-66	-49	-48	-120	-314	-163	-92	-116
Net Investments	8	-9	12	-393	-195	58	42	-34	-147	-226
Others ⓘ	1	2	1	5	17	7	15	21	26	29
Cash Flow From Financing Activity ⓘ +	7	-57	-68	-93	-95	-114	-140	-174	-219	-214
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	2	7	2	-8	-2
Interest Paid ⓘ	-1	-1	-1	-4	-3	-4	-8	-7	-9	-8
Dividend Paid ⓘ	0	-44	-55	-66	-83	-105	-133	-161	-188	-188
Others ⓘ	9	-12	-11	-22	-8	-7	-6	-9	-14	-16
Net Cash Flow ⓘ	125	25	-39	-223	11	17	1	14	21	3

Financial Ratio

PARTICULARS	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	Mar'26
Ratios
ROE (%)	14.16	15.84	15.96	16.3	19.28	20.59	21.92	19.91	16.95	17.48
ROCE (%)	21.09	23.91	24.68	21.59	25.55	27.69	29.56	26.45	22.65	23.42
Asset Turnover Ratio	1.19	1.15	1.15	1.05	0.97	0.86	0.82	0.8	0.79	0.79
PAT to CFO Conversion(x)	1.39	0.84	0.5	1.68	1.37	0.62	1.09	0.96	1.25	1.28
Working Capital Days
Receivable Days	34.10	37.50	43.30	46.90	44.20	38.90	36.40	42.40	46.20	44
Inventory Days	65.80	63.10	67.40	71.50	67.10	67.10	63	62.20	61.30	55
Payable Days	78.70	100.60	93.20	102.10	134.60	128.70	93.10	96.90	113.80	119.60

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Grindwell Norton Ltd FAQs

The current trading price of Grindwell Norton on 02-Jul-2026 16:59 is ₹2,170.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 01-Jul-2026 the market cap of Grindwell Norton stood at ₹24,025.7 Cr

The latest P/E ratio of Grindwell Norton as of 01-Jul-2026 is 58.23.

The latest P/B ratio of Grindwell Norton as of 01-Jul-2026 is 9.62.

The 52-week high of Grindwell Norton is ₹2,287 and the 52-week low is ₹1,330.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Grindwell Norton is ₹3,026 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Grindwell Norton Ltd is a good quality company.

The key valuation ratios of Grindwell Norton Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Grindwell Norton Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About Grindwell Norton Ltd

Grindwell Norton (GNO), a company listed on the Bombay and National Stock Exchanges, pioneered the manufacture of grinding wheels in India in 1941. In 1990, Saint-Gobain acquired Norton Company, USA, worldwide and thereby became a shareholder in GNO. In 1996, Saint-Gobain increased its equity stake, making GNO its first majority-owned subsidiary in India.

Presently, GNO’s businesses include: Abrasives, Ceramic Materials Businesses (Silicon Carbide and Performance Ceramics & Refractories), Performance Plastics and ADFORS. The Saint-Gobain Country Head office, INDEC (the captive India IT Development Centre for the Saint-Gobain Group globally) and CertainTeed are also part of GNO. GNO’s subsidiary, Saint-Gobain Ceramic Materials Bhutan Pvt. Ltd., manufactures Silicon Carbide. The Group currently holds 51.66% of the equity capital of GNO.

Business area of the company

Abrasives Business: GNO’s Abrasives Business, markets and manufactures a full range of Bonded Abrasives, Coated Abrasives (including Non-woven Abrasives), Thin Wheels and Superabrasives at its plants near Mumbai, Bangalore, Nagpur and Himachal Pradesh.

Ceramics Business: The Performance Ceramics & Refractories (PCR) business offers complete solutions with expertise in design, engineering and manufacturing refractory systems for high temperature, ballistic and wear applications. The HPR plants are located in Bangalore and Halol (Gujarat). The Silicon Carbide business manufactures Silicon Carbide crude and grains at Tirupati (Andhra Pradesh) and near Phuentsholing (Bhutan) and is a major supplier to all leading Refractory, Metallurgy and Abrasives manufacturers in India.

Other Businesses: GNO’s other businesses include: CertainTeed (subsidiary of Saint-Gobain) and INDEC (the captive India IT Development Centre for the Saint-Gobain Group globally).

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
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Grindwell Norton Ltd (GRINDWELL)

Grindwell Norton Ltd (GRINDWELL)

Grindwell Norton stock performance

Check Before You Invest

Quality

Valuation

Price Trend

DeciZen - make an informed investing decision on Grindwell Norton

1. Right Stock

2. Right Price

3. Right Time ⓘ

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Value Creation ⓘ

Growth Parameters ⓘ

CAGR ⓘ

Key Financial Parameters ⓘ

Profit And Loss

Valuation of Grindwell Norton - Standalone

Price Calculator

Price Chart

Price to Earnings

Price to Sales

Price to Book

EV to EBITDA

Dividend History

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

Balance Sheet

Equity and Liabilities

Fixed Assets

Cash Flow

Financial Ratio

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Grindwell Norton Ltd FAQs

What is the share price of Grindwell Norton?

What is the market cap of Grindwell Norton?

What is the P/E ratio of Grindwell Norton?

What is the P/B ratio of Grindwell Norton?

What is the 52-week high and low of Grindwell Norton?

What is the TTM revenue of Grindwell Norton?

Is Grindwell Norton Ltd a good quality company?

Is Grindwell Norton Ltd undervalued or overvalued?

Is Grindwell Norton Ltd a good buy now?

About Grindwell Norton Ltd

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